MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 01-12-2016
MTECHTIPS MCX Aluminium is in long- medium- short-medium- term bull phase .Currently Aluminium is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 117-114-112-111-.Resistance for the Aluminium is 119-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD SHORT position Aluminium is in sideways and sellers was at high so for short term better buy above 119.9 or hold with stop at 116.7 The next resistance will be at 122.5 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 119.9 with a stop at 117.4 Below 116.7 go for sell and put stop at 119.2.